Withdraw Short Sale All Locations : Nationwide Real Estate Advice

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Anna M Brocco, Real Estate Pro in Williston Park, NY
Anna M Brocco answered:
Hi,I already make an offer for a short sale 3 week ago and I don't have the answer yet, but now I found an ...
You really should be asking your agent the question....
0 votes Share Flag Sat Oct 20, 2012 Home Buying
Bill, Other/Just Looking in Southampton, NY
Bill answered:
Can the bank withdraw a letter of approval?
The bank will update your financial information several times within that period of time and can decline the loan if your financial situation has changed, IE credit score, employment, a ... more
0 votes Share Flag Wed Oct 10, 2012 Home Buying
Alan May, Real Estate Pro in Evanston, IL
Alan May answered:
How do I report a bad realtor?
You can report the agent to her governing body... in New York the New York State Association of Realtors (http://www.nysar.com/) is probably a good place to start.

But in the meantim ... more
0 votes Share Flag Thu May 21, 2015 Home Buying in 11379
Suzanne MacD…, Real Estate Pro in Morristown, NJ
Suzanne MacDowell answered:
I could not close on a short sale because of my lender, if I do not get an extension from the banks, do I los ...
If your contract contained a mortgage contingency, and you were not able to obtain a mortgage, then you should get your deposit back. Check with your attorney to be sure.
0 votes Share Flag Wed Oct 3, 2012 Home Buying
Sarina Nicho…, Real Estate Pro in Naples, FL
Sarina Nichols answered:
I had placed $5000 escrow but after home inspection I withdrew my offer - how long does it take to get the escrow money back?
Hi, It must be requested for release by the escrow co., and if there are no disputes on who the money should be returned to, and the contract & addenda state the offer has been cancelle ... more
0 votes Share Flag Thu Apr 30, 2015 Home Buying in 34117
Tim Moore, Real Estate Pro in Kitty Hawk, NC
Tim Moore answered:
Hi all, Is it normal for a short sale under contract to still be shown?
Yes, normal for any house under contract with contingencies on it to be shown and a short sale has a contingency that the bank MUST approve the sale which is a HUGE contingency. Has the ... more
0 votes Share Flag Fri Sep 28, 2012 Home Buying in Frederick
Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
What happens after a deadline for a short sale?
1st Deadlines are WORTHLESS. They actually work against you. The bank will take as much time as they need to get the process complete, a deadline may force them to not even try as they ... more
0 votes Share Flag Tue Dec 3, 2013 Home Buying in 54901
Dennis Skoro, Real Estate Pro in Portland, OR
Dennis Skoro answered:
We just put an offer in on a short sale home. The price is 349k with a 3% closing credit. Our realtor s ...
Hi - the role of the negotiator is to work with the seller and the seller's bank with your offer to create a win/win situation for all. They work with the seller's bank to try to get t ... more
0 votes Share Flag Sun Sep 23, 2012 Foreclosure in Sandy
Danielle Sha…, Real Estate Pro in Cape Coral, FL
Danielle Sharp answered:
what can I do If my realtor does not answer my phone calls since I withdraw my offer from his house?
If you can't reach him, contact his broker or office manager.
0 votes Share Flag Fri Feb 7, 2014 Home Buying in 33433
Vicki Schwar…, Real Estate Pro in Victoria, MN
Vicki Schwartz answered:
Can I make an offer on a home that already has an accepted offer and be the back up if that transaction falls through?
Absolutely. I will always take back-up offers on listings. There are many things that could change during the process. Do you have an agent or need help in writing a back-up offer?
0 votes Share Flag Mon Dec 23, 2013 Home Buying in Burnsville
Tim Moore, Real Estate Pro in Kitty Hawk, NC
Tim Moore answered:
What can we do if the listing agent will not return phone calls, etc. to our agent on a short sale that is i ...
More than likely your agent is wanting to know something and the listing agent does not know anything because the bank is not talking to him or answering any questions he has, so there ... more
0 votes Share Flag Sun Aug 26, 2012 Home Buying in Chandler
CH Naamad, Real Estate Pro in Boston, MA
CH Naamad answered:
Mortgage Contingency Question
The best advice you can get would be through your counsel and mortgage broker. Please consult with them. They are there to protect your interests.
Kind regards,
0 votes Share Flag Fri Sep 20, 2013 Home Buying in 02135
Tim Moore, Real Estate Pro in Kitty Hawk, NC
Tim Moore answered:
Short sale offer- will I get earnest money if I withdraw?
Normally the offer is written contingent on the bank giving approval. As long as the approval has not come then it is still a contingent contract and you can walk away and get back your ... more
0 votes Share Flag Fri Nov 16, 2012 Home Buying in Hoffman Estates
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
If a buyer backs out of a short sale contract before the lender approval, does the buyer get the earnest m ...
They do if their Realtor included a CONTINGENCY for the LOAN in the Offer:
This is one way your Realtor protects your interests.
Did you do it right?
0 votes Share Flag Mon Jul 30, 2012 Home Buying
Fiona Santos, Real Estate Pro in San Francisco, CA
Fiona Santos answered:
What does pending with release mean?
Hello! That means an offer has been accepted by the seller but contingencies such as appraisal, loan and inspections have not been removed yet but most commonly, this is the status for ... more
0 votes Share Flag Sun Jul 29, 2012 Home Buying in 94015
Debra (Debbi…, Real Estate Pro in Livingston, NJ
Debra (Debbie) Rose answered:
Can you bid on two houses at the same time?
Instead of looking into making an offer on 2 houses at the same time maybe you need to figure out why you have lost out on more than 1 house - are you being aggressive enough with your ... more
0 votes Share Flag Sun May 5, 2013 Home Buying in Apple Valley
Alain Picard, Real Estate Pro in Puyallup, WA
Alain Picard answered:
Walking away from short sale negotiations?
If the bank hasn't already accepted your counter offer you should be able to withdraw your counter offer. I don't know about Maryland but out here the buyers can usually back out at any ... more
0 votes Share Flag Thu Jul 19, 2012 Home Buying in Baltimore
Sam Shueh,  in San Jose, CA
Sam Shueh answered:
My husband quailifies for a mortgage on his own. I will be on the deed . Would I be able to borrow the closing cost from my 401k?
Only if you take out your 401K for discretionary use and show the additional money on the bank statement. For example, a joint account.
0 votes Share Flag Wed Jul 3, 2013 Financing in 95020
Victoria Tho…, Real Estate Pro in Jacksonville, FL
Victoria Thompson answered:
How can I withdraw my offer after signing a buyers contract?
Depends on your sales agreement. But you need to talk to a Real Estate Attorney.
0 votes Share Flag Sun Jul 29, 2012 Home Buying in Jacksonville
Michael Kapr…, Real Estate Pro in Burlingame, CA
Michael Kaprielian answered:
Can a bank foreclose on a house during closing?
Hi Brian,
My understanding is that the Bank can foreclose on the property at any time up to the Recording date.
Now that being said if the Owner's of the property have applied for one ... more
0 votes Share Flag Sun Jul 8, 2012 Home Buying in 94402
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